European financial professionals are worried about inflation

More than half of those surveyed by ACCA cited inflation as a top concern, followed by wellbeing/mental health and the impact of a global downturn

Financial professionals are more worried about the impact of inflation on earnings than anything else, according to the results of extensive research carried out by ACCA

More than half (54%) of the professional accountants surveyed by ACCA cited inflation as a top concern, followed by wellbeing/mental health (36%) and the impact of a global downturn on job opportunities (33%). 

The study also underlined the impact that COVID-19 has had on the working life of Europe’s financial professionals.

Less than a third (31%) of respondents are now fully office-based, a figure which surely would have seemed unimaginable prior to the pandemic. Thirteen per cent are now fully remote, while 56% have a hybrid working arrangement. 

Across Europe, younger respondents were more likely to report having fully office-based working arrangements, with almost two-thirds (64%) of Gen Z respondents taking this approach. Older age groups were significantly more likely to report hybrid or remote arrangements.

Vikas Aggarwal, Regional Head of Public Affairs Relationships for EEMA

“This survey starkly reveals how hybrid and remote working have gained traction across Europe,” says Vikas Aggarwal, Regional Head of Public Affairs Relationships for EEMA (Europe, Eurasia, Middle East and the Americas). 

“This is notably different from the global picture, where more than half of respondents reported being fully office-based. 

“However, concerns about the pace of technological change underline the crucial importance of investment into training to help individuals achieve their growth aspirations and to improve retention.”

Employers face retention challenges

ACCA’s global research surveyed 8,000 professional accountants from 148 countries about concerns they held relating to the future of their work, as well as aspirations for their careers. 

Across Europe, more than 1,200 individuals responded from a broad range of sectors, enabling the association to understand key workplace issues such as employee engagement, wellbeing and attitudes to technology adoption.

With growing wage constraints and potential funding cuts looming for many sectors, it’s fair to say unease over salaries is unsurprising. 

What’s more, the Talent Trends survey recorded significant challenges for employers around the world seeking to attract or retain the talent they need. 

This challenge is prevalent across Europe, where almost two in five (39%) respondents plan to move jobs within 12 months, rising significantly to almost two-thirds (63%) within the next two years.

Almost half of those planning to move are seeking an external move, with 61% seeking a promotion as part of their move.

Read the full report: Global Talent Trends 2023: Europe


For more business insights, check out the latest edition of Business Chief Middle East & Africa and be sure to follow us on LinkedIn and Twitter.

You may also be interested in the Business Chief US & Canada website. 

BizClik is a global provider of B2B digital media platforms that cover executive communities for CEOs, CFOs and CMOs, as well as leaders in Sustainability, Procurement & Supply Chain, Technology & AI, Cyber, FinTech & InsurTech. We also cover industries including Manufacturing, Mining, Energy, EV, Construction, Healthcare and Food & Drink.

BizClik, based in London, Dubai and New York, offers services such as content creation, advertising and sponsorship solutions, webinars and events.


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital